U and I Group PLC Result of AGM (2568L)

TIDMUAI

RNS Number : 2568L

U and I Group PLC

04 September 2019

U AND I GROUP PLC Annual General Meeting - voting results and proxy appointments

The Annual General Meeting of U and I Group PLC was held today at 12 noon at 7A Howick Place, London SW1P 1DZ.

All resolutions proposed at the Meeting were decided on a poll and resolutions were passed.

The number of votes for and against each of the resolutions put before the Meeting and the number of votes withheld were as follows:

 
 RESOLUTION                      VOTES FOR     % VOTES   VOTES AGAINST   % VOTES    VOTES WITHHELD 
                                                FOR                       AGAINST 
------------------------------  ------------  --------  --------------  ---------  --------------- 
      Receipt of Financial 
       statements and reports 
       of the Directors 
 1     and Auditors              104,334,658    99.94%          64,648      0.06%              400 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Approval of the 
 2     Remuneration Report        90,715,733    86.90%      13,674,995     13.10%            8,977 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
 3    Election of S Morgan       104,347,307    99.95%          52,000      0.05%              400 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Re-election of P 
 4     W Williams                 72,226,393    73.80%      25,636,141     26.20%        6,537,172 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Re-election of M 
 5     S Weiner                   96,335,043    97.34%       2,634,178      2.66%        5,430,486 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Re-election of R 
 6     Upton                      96,335,043    99.95%          52,000      0.05%        8,012,664 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Re-election of M 
 7     O Shepherd                101,690,632    99.88%         123,957      0.12%        2,585,118 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Re-election of N 
 8     H Thomlinson              101,762,589    97.48%       2,634,178      2.52%            2,940 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Re-election of B 
 9     Bennett                   101,762,589    99.95%          52,000      0.05%        2,585,118 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Re-election of L 
 10    G Krige                   100,480,313    98.69%       1,334,276      1.31%        2,585,118 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Election of R C 
 11    Kerslake                  101,762,589    99.95%          52,000      0.05%        2,585,118 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Declaration of final 
 12    dividend                  104,349,707    99.95%          50,000      0.05%                0 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
 13   Auditors' re-appointment   104,330,229    99.93%          69,477      0.07%                0 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Authorise Directors 
       to determine Auditors' 
 14    remuneration              104,347,307    99.95%          52,400      0.05%                0 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Authority to purchase 
 15    own shares                104,531,042    99.94%          67,977      0.06%            2,940 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Authority to allot 
 16    shares                    101,909,682    99.89%         107,160      0.11%            2,940 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Disapplication of 
       statutory pre-emption 
 17    rights                    101,948,864    99.93%          67,977      0.07%            2,940 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      General Meetings 
       to be called on 
 18    14 days' notice           101,028,446    99.03%         990,936      0.97%              400 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
      Authorise Directors 
       to make political 
 19    donations.                101,086,362    99.09%         930,480      0.91%            2,940 
     -------------------------  ------------  --------  --------------  ---------  --------------- 
 

Notes to the disclosure

1. Any proxy appointments which gave discretion to the Chairman have been included in the 'for' total.

2. A 'vote withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes for or against a resolution.

   3.         Resolutions 15, 17 and 18 are Special Resolutions. 

4. Total voting rights of shares in issue: 125,431,713. Every shareholder has one vote for every ordinary share held.

5. The Board notes the minority vote against Resolution 4 to approve the re-election of Peter Williams as Chairman.

When the Board appointed Peter Williams as its Chairman just under three years ago, it undertook a very thorough and robust process. This included reviewing his skillset as well as his business commitments to ensure he had the time, expertise and shared passion to support U+I as it seeks to deliver socio-economic benefits to the communities in which it works and sustainable returns to its shareholders through a purposeful approach. This is a process the Board undertakes with all its Directors and will continue to do so to ensure that they can fulfil their roles.

Peter reduced his directorships of listed UK companies during FY19, stepping down from two companies. Factors outside his control meant he became Chairman of Superdry, rather than a Non-Executive Director as he had originally envisaged and would have meant he was not overboarded. Peter understands the concerns and continues to review his directorships. U+I has benefitted greatly from Peter's wide-ranging knowledge and expertise, which spans from many years of running and advising businesses across a range of sectors. We have no concerns about his commitment as Peter dedicates a significant amount of time to U+I beyond his statutory Board duties and is a huge asset to the business. We will continue to engage with our shareholders on the matter.

In accordance with paragraph 9.6.2 of the Listing Rules, copies of the resolutions passed at the meeting, other than resolutions concerning ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do

Chris Barton

Company Secretary

4 September 2019

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September 04, 2019 11:37 ET (15:37 GMT)